Trading on TradingView: How to trade futures and options directly from charts (2024)

In today’s dynamic trading landscape, staying ahead of the curve is crucial for success. With the rise of online trading platforms, traders have access to an array of tools to help them make informed decisions.

TradingView is one such platform that has gained immense popularity among traders due to its user-friendly interface and powerful charting capabilities.

TradingView offers a powerful platform that allows you to seamlessly trade derivative instruments such as futures directly from charts. If you’re an options trader, keep reading to learn how you can trade your derivative of choice from charts. But first, let's start with the basics.

What is TradingView?
The TradingView platform provides you with a plethora of services making your trading journey efficient. Widely used by 50M+ traders, the TradingView offers you deep insight into the financial markets along with technical analysis and charting tools.

The platform doubles down as a community as well, with traders and investors from around the globe sharing ideas and strategies every hour. With the assistance of this platform, you can spot new opportunities and trade in them. Furthermore, it allows you to share your trading strategies and have a live stream of your analysis.

Whether you are a trained professional or just stepping foot into the trading paradigm, TradingView is suitable for all. Not only does it provide you with immense features, but it also lets you customise them. For instance, while using the charts quadrant, you can set its time frame and select its type, among other customisation features.

Among these buckets of features, TradingView charts allow you to trade futures directly from charts with ease and convenience.

TradingView charts: Trade futures directly?
There are various ways to leverage the TradingView platform to your advantage, such as using its charts for analysis or trading directly from them. The ability to trade futures and options directly from charts is a standout feature of the platform, and here is how to do so:

1. Create an account: The first and foremost step is to create an account on TradingView. If you are an existing user, then log in otherwise, sign up. Fill in the required details, choose the subscription plan, and your profile will be active.
2. Select the derivative instrument: Choose the futures or options contract that you want to trade. You can use the trading platform's charting tools to analyse price movements and identify potential entry and exit points.
3. Connect broker: Dhan is the only Indian broker that you can use to trade futures and stocks directly from TradingView. Here is how you can connect to TradingView.

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4. Customise charts: You can easily customise your charts before starting futures or options trading. The navigation tab on the top left corner allows you to change or customise the chart as per your requirements.
5. Add indicators: Add technical indicators to the TradingView chart to help you identify trends and potential trade opportunities. A range of features are available; for instance, you can change the time frame for the chart, add technical indicators, select the type of chart, i.e., candlestick or bars, or you can compare the chart with other assets. This can further be done by taking the assistance of a TradingView integrated share market app like Dhan.
6. Make the trade: Once you have identified a trade opportunity, you can enter the trade directly from the chart via Dhan, which allows you to click on the chart and enter a buy or sell order. Alternatively, you can use the trading platform's order entry window to enter the trade.
7. Set stop loss and profit levels: To effectively manage risk and potential losses, it's crucial to set stop loss and profit levels. Luckily, you can easily set these levels directly on the chart by adding a horizontal line at the desired level and then selecting the ‘order’ option from the trading platform's right-click menu.
8. Monitor the trade: Once you have entered the trade, you can monitor it directly from the chart. You can use the chart to track price movements and adjust your stop loss and take profit levels as needed.
9. Close the trade: To close a trade, you can do so directly from the chart by clicking on the open position and selecting the ‘close’ option from the trading platform's right-click menu.

By leveraging Dhan's integration with TradingView, you can access advanced charting tools, real-time market data, and a wide range of trading features.

Best part? Dhan’s native platform is called tv.dhan.co allows you to trade futures as well as options from TradingView charts with the same experience.

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Whether you're a beginner or an experienced trader, Dhan can help you make informed trading decisions and achieve your financial goals.

Conclusion
TradingView is a powerful and popular platform that can help you upscale your trading journey. The easy user interface of the platform allows you to smoothly carry out the process of futures and option trading directly from charts.

If you're looking to expand your knowledge and take your investment or trading journey to the next level using TradingView, you may want to explore the online trading platform - Dhan.

Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

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